External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Over the past 3 months, ANGELONE has faced several regulatory measures to clamp down on the ever-rising exuberance in derivatives (F&amp;O) markets</li><li>Of the measures introduced, the three most material ones have taken effect during the current quarter (Q3FY25) - this includes the introduction of the “True to Label” framework, limiting the weekly expiry per exchange, and revisioning in BSDA threshold limits</li><li>While these measures are likely to pose a cumulative quarterly revenue loss of INR4.0bn (on the Q2FY25 revenue base), our waterfall analysis suggests that ANGELONE’s countermeasures (pricing interventions) are likely to recoup almost the entire lost revenues by Q4FY25</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Over the past 3 months, ANGELONE has faced several regulatory measures to clamp down on the ever-rising exuberance in derivatives (F&amp;O) marketsOf the measures introduced, the three most material ones have taken effect during the current quarter (Q3FY25) - this includes the introduction of the “True to Label” framework, limiting the weekly expiry per exchange, and revisioning in BSDA threshold limitsWhile these measures are likely to pose a cumulative quarterly revenue loss of INR4.0bn (on the Q2FY25 revenue base), our waterfall analysis suggests that ANGELONE’s countermeasures (pricing interventions) are likely to recoup almost the entire lost revenues by Q4FY25Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Angel One: The More Things Change… Upgrade to BUY